NET-RESOURCE TRANSFER AND EXTERNAL DEBTS IN NIGERIA (1980-1996)
NET-RESOURCE TRANSFER AND EXTERNAL DEBTS IN NIGERIA (1980-1996)
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Date
2000-09
Authors
SA'AD, SULEIMAN
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Abstract
The growth of External debt and its consequences (Net resource Transfer) are
among the complimentary factors responsible for the present economic crisis in Nigeria.
This study was an attempt to study the dynamic interaction between this two
complementary factors and their implication to the economic development of Nigeria. To
this, both analytical and descriptive statistics were employed in the analysis. The study
reviewed that the external debt grew from barely US $ 8.9 billion in 1980 to over US $
29.019 billion in 1992 as a result of this the net resource transfer remains negative
throughout the period except 1982 when positive transfer was witnessed.
The factors identified as responsible for poor performance of the economy during
the period includes poor macroeconomic policy measures, coupled with external shocks
especially oil shocks of early 1980s. Upon this background we recommended that Nigeria
should embark on measures that can reduce our over dependence on foreign sources of
financing our projects as well as boost our local revenues generation.
Description
M.Sc THESIS SUBMITTED TO THE POSTGRADUATE
SCHOOL AHMADU BELLO UNIVERSITY, ZARIA, IN PARTIAL
FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE
DEGREE OF MASTER OF SCIENCE (ECONOMICS)
DEPARTMENT OF ECONOMICS
FACULTY OF SOCIAL SCIENCES
AHMADU BELLO UNIVERSITY, ZARIA
SEPTEMBER, 2000
Keywords
NET-RESOURCE,, TRANSFER,, EXTERNAL,, DEBTS,, NIGERIA